Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2020 - 31 Dec 2020 | 07 Dec 2021 | 25 | 61% | 31% | 8% | 40% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Sept 2020 | 27 | 61% | 29% | 10% | 42% |
| 01 Jul 2019 - 31 Dec 2019 | 04 Feb 2020 | 22 | 61% | 35% | 4% | 33% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 21 | 63% | 32% | 5% | 37% |
| 01 Jul 2018 - 31 Dec 2018 | 18 Jul 2019 | 20 | 68% | 30% | 2% | 33% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 26 | 66% | 33% | 1% | 41% |
| 01 Jul 2017 - 31 Dec 2017 | 01 Feb 2018 | 19 | 81% | 18% | 1% | 27% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard terms and conditions of purchase which apply to all suppliers are detailed on the Company's official purchase order which must be issued for each contract entered into. All purchase orders must be signed by an authorised signatory and the supplier must sign an acceptance of the order. Following delivery by the supplier of goods/services which comply with the terms of the PO, the supplier will be entitled to issue an invoice for the agreed price (excl VAT). Payment is conditional on a valid invoice being issued which must state the PO number. Unless otherwise agreed with the supplier, payment will be made within 30 days of receipt of invoice but the Company is entitled to take a prompt payment discount if the invoice is paid within 10 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
In the event of an invoice being disputed, the supplier should contact a member of the accounts payable team in the first instance, either by email or phone. If the accounts payable team do not know why the invoice has not been approved for payment, the matter will be passed to the appropriate department, or invoice contact who generated the original purchase order, for resolution of the dispute.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Jacobs & Turner Limited is a Glasgow-registered company, established in 1938, that now trades as Trespass, a UK outdoor clothing brand. The company designs, manufactures and sells outdoor clothing, footwear and equipment, including waterproof jackets, walking boots, ski wear, tents and camping gear, for men, women, kids and dogs. It operates retail stores across the UK and internationally, alongside wholesale supply to other retailers and an e-commerce website. Its head office, Vermont House in Glasgow, houses design, warehousing and dispatch functions. The brand has grown from a small Glasgow workshop into a retailer with several hundred stores worldwide, exporting to numerous countries and supplying uniforms for events such as the Glasgow 2014 Commonwealth Games.
Generated from the company's website and Companies House records. Sources: trespass.com · trespass.com · trespass.com